Saab: New bidders emerge

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GB

30 Nov 2009 11:02

Saab is struggling to secure its future after the collapse of a takeover bid led by Swedish supercar maker Koenigsegg last week.

Over the weekend, two new bidders for Saab have emerged, while Sweden's Enterprise Minister, Joran Hagglund, is flying out to America to put Saab's case before the senior management of its current owners, GM.

GM has confirmed that it is in 'close dialogue and close contact' with several parties interested in taking control of Saab.

Chinese carmaker Beijing Automotive Industry Holdings (BAIC) is reported to be one of the interested parties and it has previously stated its desire to expand onto the international stage; and another is an American investment bank, Merbanco.